America’s beer industry contributes more than $350 billion to our economy with more than 6,000 brewers and importers, 4,700 wholesale distributors, and over 915,000 retail workers located across the country. Beer boosts a wide range of industries, including farming, manufacturing, construction, transportation, service and others in nearly every community in the United States.
Beer is more than a simple pleasure. It generates more than 2.23 million American jobs. We help put people to work, from farmers to factory hands, bartenders to brewers, in nearly every community in the United States. The last time federal excise taxes were raised, more than 60,000 Americans lost their jobs as a result. To do so again would be just as devastating, if not more so.
The Tax Cuts and Jobs Act, signed into law in December 2017, provides temporary federal excise tax relief to U.S. brewers and beer importers of all sizes. Federal excise tax relief for the beer industry could create an additional $320 million in annual GDP growth in an industry that today supports more than 2.2 million American jobs and generates more than $350 billion in economic activity. However, this tax relief is scheduled to expire in 2020 unless Congress acts to extend the new excise tax rates or make them permanent.
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